Seven Eight Capital LP Acquires 2,834 Shares of F5, Inc. (NASDAQ:FFIV)

Seven Eight Capital LP boosted its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 63.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,320 shares of the network technology company’s stock after purchasing an additional 2,834 shares during the period. Seven Eight Capital LP’s holdings in F5 were worth $1,261,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new position in shares of F5 in the 2nd quarter worth approximately $25,000. New Covenant Trust Company N.A. acquired a new position in F5 during the first quarter worth $27,000. Quest Partners LLC raised its stake in F5 by 9,100.0% during the second quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock worth $32,000 after acquiring an additional 182 shares in the last quarter. Register Financial Advisors LLC bought a new position in shares of F5 during the first quarter valued at $38,000. Finally, Blue Trust Inc. boosted its stake in shares of F5 by 49.7% in the 2nd quarter. Blue Trust Inc. now owns 241 shares of the network technology company’s stock valued at $46,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FFIV. Barclays lifted their price target on shares of F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. Piper Sandler lifted their target price on shares of F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. StockNews.com lowered F5 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 10th. Evercore ISI lifted their price objective on F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. increased their target price on F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $200.89.

Insider Activity at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of F5 stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $171.95, for a total transaction of $249,327.50. Following the completion of the sale, the chief executive officer now owns 121,462 shares of the company’s stock, valued at approximately $20,885,390.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $176.20, for a total value of $88,100.00. Following the sale, the chief financial officer now directly owns 31,108 shares in the company, valued at approximately $5,481,229.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,450 shares of F5 stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $171.95, for a total transaction of $249,327.50. Following the transaction, the chief executive officer now directly owns 121,462 shares in the company, valued at approximately $20,885,390.90. The disclosure for this sale can be found here. Insiders have sold 7,271 shares of company stock worth $1,378,205 over the last ninety days. Company insiders own 0.58% of the company’s stock.

F5 Stock Up 1.8 %

Shares of FFIV opened at $217.47 on Friday. The stock’s fifty day simple moving average is $192.91 and its 200-day simple moving average is $183.11. The firm has a market capitalization of $12.75 billion, a PE ratio of 26.04, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. F5, Inc. has a 12-month low of $145.45 and a 12-month high of $218.54.

F5 (NASDAQ:FFIV) last released its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.39. F5 had a net margin of 19.94% and a return on equity of 21.03%. The company had revenue of $695.50 million for the quarter, compared to the consensus estimate of $686.06 million. During the same period in the prior year, the company posted $2.46 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. Analysts anticipate that F5, Inc. will post 10.18 EPS for the current year.

F5 Profile

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company’s distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.